Praemium inks deal with WA-based wealth manager

A West Australian wealth manager with about $1.2 billion in funds under management is Praemium’s newest client.

Broking and wealth management firm Hartleys will manage its client portfolios using Praemium’s reporting and administration platform, with the deal set to increase cost efficiencies in Hartleys’ administration process.

With Hartleys looking to enhance its value proposition, Praemium’s investor portal served as a key in the decision to award the mandate. Hartleys chief executive Charlie Ransom said Praemium stood out for its strengths in corporate action processing and performance analysis and reporting.

“This allows us, most importantly, to have a consolidated view of our clients’ overall portfolio, provide timely and accurate reports to our clients, and create significant time and cost efficiencies in our administration process,” Ransom said.

“Praemium’s Investor Portal also allows us to provide our clients with a transparent and engaging digital experience that enhances our value proposition.”

Praemium head of distribution Martin Morris said the personalised reporting is made possible by its investor portal allowed adviser to meet investor expectations.

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Source: Praemium inks deal with WA-based wealth manager | Financial Standard